Addicted to QE

The Fed believes the U.S. economy must be on stronger footing to consider reducing bond purchases and ending quantitative easing programs (QE). The talk of the possible end of QE led to a recent spike in bond yields. Since Chairman Ben Bernanke's economic
testimony to Congress on May 22, the U.S. Treasury curve has seen bond yields climbed as high as 60 basis points.

The Fed believes the U.S. economy must be on stronger footing to consider reducing bond purchases and ending quantitative easing programs (QE). The talk of the possible end of QE led to a recent spike in bond yields. Since Chairman Ben Bernanke's economictestimony to Congress on May 22, the U.S. Treasury curve has seen bond yields climbed as high as 60 basis points. Read the Article (PDF)